Kirkland’s President/CEO Resigns

Kirkland’s President, CEO and Director W. Michael Madden has resigned, effective immediately. Michael B. Cairnes, EVP and COO, was named Acting CEO while the home décor retailer’s board conducts a search for a permanent replacement. Madden will serve as an Employee-Advisor to the board until June 30, 2018.

Cairnes has been with Kirkland’s since November 2016, overseeing marketing, e-Commerce, merchandising, planning and allocation, store and supply chain operations. Cairnes was previously with Michael’s Stores, where he served concurrently as President of Aaron’s Brothers and President of Artistree.

Kirkland’s expects to open 20 to 25 new stores in fiscal 2018, while shuttering 10 to 15 stores. The company will invest in its buy online/pick up in-store options, expand its vendor direct program and make enhancements to its mobile shopping experience in the coming year as well.